Wax Emulsion Market

Wax Emulsion Market worth $2.0 billion by 2024

The report "Wax Emulsion Market by Material Base (Synthetic, Natural), Type (PE, PP, Paraffin, Carnauba), End-use Industry (Paints & Coatings, Adhesives & Sealants, Cosmetics, Textiles), Region (APAC, North America, Europe, MEA, SA) - Global Forecast to 2024" The global wax emulsions market is expected to reach USD 2.0 billion by 2024, at a CAGR of 4.9% from 2019 to 2024. A key driving factor for the growth of the wax emulsion market is a consequent rise in the demand for paints & coatings, adhesives & sealants, and cosmetics.

Browse 118 market data Tables and 39 Figures spread through 139 Pages and in-depth TOC on "Wax Emulsion Market by Material Base (Synthetic, Natural), Type (PE, PP, Paraffin, Carnauba), End-use Industry (Paints & Coatings, Adhesives & Sealants, Cosmetics, Textiles), Region (APAC, North America, Europe, MEA, SA) - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/wax-emulsion-market-37491323.html

Paints & coating end-use industry segment accounts for the largest share of the wax emulsion market

The paints & coatings segment is the largest contributor to the global wax emulsion market in terms of volume. The paints & coatings industry consume almost one-third of the global wax emulsion produced. This is attributed to better chemical stability and environment-friendly characteristics of wax emulsions. The absence of substitutes also drives the growth of wax emulsion market. Solvent systems are expected to be replaced by wax emulsions in paints & coatings, which is an eco-friendlier option for the manufacturers.

Based on material base, the natural base wax emulsion segment is projected to be the highest revenue generator of the wax emulsion market by 2024

The natural base segment is in its maturity stage and is relatively costlier than synthetic wax emulsions, thus being used in only high-end applications where there is a need for more chemical stability. The growth of natural base wax emulsion segment is being witnessed in North America and Europe. This growth can be attributed to the regulations imposed by the government for the usage of wax emulsion in the packing of food products and rising demand for the use of organic ingredients in the cosmetics products.

Polyethylene segment to dominate the global wax emulsion market by 2024

Polyethylene, in terms of volume, has been widely used in the paints & coatings and adhesives & sealants industry across major regions. Polyethylene and paraffin are used mainly due to better slip, scratch resistance, and water resistance on the surfaces. Cost-effectiveness and easy availability of polyethylene make it a most preferred raw material over other raw materials for wax emulsions.

The Asia-Pacific region is expected to lead the wax emulsion market during the forecast period

The Asia Pacific wax emulsion market is anticipated to grow at the highest CAGR between 2019 and 2024. China, Japan, and India together accounted for the lions share of the Asia Pacific wax emulsion market in 2018. China is a major consumer of wax emulsions in Asia Pacific due to the extensive use of the product in various industries, such as paints & coatings and adhesives & sealants. Abundant availability of raw material and cheap labor in the region, also make it one of the largest manufacturers of the product.

Key market players covered in this report which includes, BASF SE (Germany), Nippon Seiro Co. (Japan), Altana AG (Germany), Sasol Ltd. (South Africa), Exxon Mobil Corporation (US), Michelman, Inc. (US), Repsol S.A. (Spain), Lubrizol Corporation (US), Hexion Inc. (US), Wacker Chemie AG (Germany), DANQUINSA GmbH (Germany) and H&R GROUP (Germany) ,  and among others

Don’t miss out on business opportunities in Wax Emulsion Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Wax Emulsion Market Size,  Share & Growth Report
Report Code
CH 4308
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Wax Emulsion Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status

Digital Virtual Assistant - MarketsandMarkets